BHEL gains on bagging Rs 1,202 crore order for power project

The stock up 1.5% to Rs 272 on BSE.

Shares of Bharat Heavy Electricals Limited (BHEL) were trading higher by 1.5% at Rs 272 on BSE after the state-owned company has bagged a Rs 1,202 crore order for 370 MW gas-based combined cycle power project.

The company has bagged contract for setting up a Combined Cycle Power Plant (CCPP) in Karnataka on EPC (Engineering, Procurement & Construction) basis, involving supply and commissioning of a fuel-efficient state-of-the-art Advanced-class Gas Turbine (GT).

Valued at Rs 1,202 crore, the order for the 370 MW gas turbine-based CCPP to be installed at Yelahanka on the outskirts of Bengaluru city, has been placed on BHEL by Karanataka Power Corporation Limited (KPCL), BHEL said in a statement.

With this order, BHEL has contracted 242 GTs including 22 advanced-class GTs, it added.

 

The stock opened at Rs 271 and touched high of Rs 274 on BSE. A combined 2.17 million shares changed hands on the counter till 1108 hours on BSE and NSE.